The Times of India

17 news stories about The Times of India

QR code option may be must for shops — The Times of India — “The government is looking to mandate a QR code-based payment option using UPI at all shops. The measure is intended to promote digital payments as the preferred option.”

Traffic violators beware, new driving licences, registration certificates coming from October — The Times of India — “The new DLs [driving licences] and RCs [vehicle registration certificates] will have a QR code that can be read by hand-held devices to access the past records of the driver or the vehicle from the central online database… ‘Though there was a proposal to make the chip and NFC feature mandatory, the Centre decided to leave the option to the state governments,’ said an official.”

Biometric scans for discounted metro rides in Delhi — The Times of India — “In the new fare collection system, it will be possible to issue smart cards to individuals with their biometric data stored in them, ensuring that only they could use the card and not anyone else. Commuters, who will be provided concession on metro fares, need to get their finger scanned while entering or exiting a metro station, to ensure that only genuine commuters get the benefit of the concession.”

Google pay app Tez to add ‘tap n pay’ option — The Times of India — “Users of Google’s Tez will soon be able to load their cards and enable ‘tap and pay’ in the payments app. The internet giant also plans to make Tez payments available for other Google products as well, which means that users in future will be able to make payments through email and see shops accepting Tez on Google Maps.”

Now, face recognition to authenticate Aadhaar, but with biometrics or OTP — Times of India — “To be made available by July 1, the face authentication option will be allowed in combination with fingerprints, or iris scans, or an OTP to verify the details of Aadhaar users… Face authentication will not require any new reference data as photos of citizens are already on the Aadhaar database.”

Aadhaar adds fresh security layer with 16-digit ‘Virtual ID’ — Times of India — “UIDAI’s Virtual ID, which will be issued from March, will allow over 119 crore [1.19bn] Aadhaar holders to generate a 16-digit temporary number that can be shared with a bank, insurance company or telecom service provider instead of the 12-digit Aadhaar number. All service providers will have to upgrade their systems to mandatorily allow for the new tool from June.”

Paytm plans $1 billion top-up to cash in on note ban success — Times of India — “Sharma said they were looking at a three-pronged strategy to double the number of users in the coming year by converting Paytm users to its payments bank, tap into non-wallet users through UPI and sell financial products from next year. ‘Long ago, we realised that standalone payments as a business is an orphan and thus we are building a bouquet of products,’ Sharma said.”

Soon, walk into metro station without taking your card from pocket — The Times of India — “Chennai Metro Rail Limited has invited tenders to introduce contactless smart cards which can be detected by scanners at stations even if the passenger keeps it in the pocket or a bag. The ticket price will be deducted once the passenger passes by the detector at the entrance to the platforms. These cards may later be used for other modes of transport as well.”

All 558,000 ration shops across India will be enabled to accept Aadhaar-based payments by June 30 this year, The Times of India reports, with all those in Gujarat, Andhra Pradesh and Rajasthan states already Aadhar-enabled... More

The Indian government has unveiled new measures to promote a digital economy during its 2017 Budget speech, including “the imminent launch of Aadhaar Pay, a merchant version of the Aadhaar-enabled payment system”, The Times of India reports... More

One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157)... More